the deficit will be getting smaller. won't talk much about entitlements and onerous burdens on health care and everything that is depressing us, david. liz: to be fair and balanced, david, the past couple times we had the president speak on a jobs day he has always said, yes we have job creation but it is not where we want it to be. don't you think that the important thing that he now needs to do is look forward and say, here's x, y, z what we really need to do to make that happen? and if you could fill in the blanks, what should that be? >> well, unfortunately he will stick with the old playbook. more investments which is government euphemism for more spending. tax increases. he will do it taking out some of the preferences in the tax code, increasing taxes on the upper income people which will be a downer for the economy. what he should say he is firing bernanke, will have a stable dollar. number, two, real simplification of tax code to lower tax rates as the simpson-bowles commission recommended and take a relook at t